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NT-2103-00007

NT-2103-00007

i
MR6

Mukarramah 1188 Enterprise, E-commerce,

RM 50,000 for 36 month term. RM 50,000 funded

100 % Funded

Is this a Shariah-compliant Investment Note? / Adakah ianya Nota Pelaburan patuh Syariah?

Yes / Ya

Who is the Issuer and what does the business do? / Siapakah Penerbit dan apakah perniagaan yang dijalankan Penerbit?

Mukarramah.co is the leading online Islamic store in Malaysia. Our business is based in Kuala Lumpur, Malaysia. We sell a wide collection of fragrance items from the Middle East such as body fragrances, bakhoor, mabkhara, attar oil and various other items. We also sell rida 'shawls, prayer rugs, and even prayer items. We currently sell 100% online. Apart from our official website, we also sell in various marketplaces such as Shopee, Lazada, PGmall, Facebook & Instagram. Other than Malaysia, we also receive sales from Southeast Asia (eg. Singapore & Brunei) & Europe. For the third quarter of 2021, we have planned to open our in-store wholesale system and target Mukarramah.co to be the No. 1 wholesaler of Islamic goods in Malaysia.
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Mukarramah.co adalah kedai Islam dalam talian yang terkemuka di Malaysia. Perniagaan kami berpusat di Kuala Lumpur, Malaysia. Kami menjual pelbagai koleksi barangan wangian dari Timur Tengah seperti pewangi badan, bakhoor, mabkhara, minyak attar dan pelbagai barangan lain. Kami juga menjual selendang rida, karpet solat, dan juga barang-barang beribadah. Kami kini menjual 100% secara talian. Selain dari laman web rasmi kami, kami juga menjual di pelbagai pasaran seperti Shopee, Lazada, PGmall, Facebook & Instagram. Selain Malaysia, kami juga menerima penjualan dari Asia Tenggara (cth. Singapura & Brunei) & Eropah. Untuk suku ketiga 2021, kami telah merancang untuk membuka sistem borong di kedai kami dan mensasarkan Mukarramah.co untuk menjadi pemborong barang-barang Islam No. 1 di Malaysia.

Who is the owner / key person(s) in the business? / Siapakah pemilik / tunggak utama perniagaan ini?

The important person behind Mukarramah.co is the issuer itself with the help of his wife he was able to realize his dream of opening his own e-commerce just from home. With the work system specially designed by issuer so far we are still able to control the business. The year 2021 is the fourth year we are in e-commerce formerly known as ArtisanOudh (2017-2019). How do we start our business? In 2017, I saw many people trading Islamic goods in the Mosque area, but none tended to sell on the internet, from there came the idea for me to try to sell those goods on the internet.
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Orang penting di sebalik Mukarramah.co adalah penerbit sendiri dengan bantuan isterinya, dia dapat merealisasikan impiannya untuk membuka e-dagang sendiri dari rumah. Dengan sistem kerja yang direka khas oleh penerbit setakat ini kita masih dapat mengawal perniagaan. Tahun 2021 adalah tahun keempat kita dalam e-commerce yang dahulunya dikenali sebagai ArtisanOudh (2017-2019). Bagaimana kita memulakan perniagaan kita? Pada tahun 2017, saya melihat banyak orang memperdagangkan barang-barang Islam di kawasan Masjid, tetapi tidak ada yang cenderung menjual di internet, dari situ muncul idea untuk saya mencuba menjual barang tersebut di internet.

What are their future plans? / Apakah pelan masa depan perniagaan ini?

In the future, we aim to have our own main warehouse and several popup stores throughout all the state in Malaysia.
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Pada masa akan datang, kami berhasrat memiliki gudang utama dan beberapa kedai kiosk di seluruh negeri di Malaysia.

What has been their annual sales turnover? / Bagaimanakah hasil jualan tahunan?

I started doing business online seriously at the end of 2019 and the sales turnover in 2020 was around RM100,000 with net income of around RM49,500 in 2020. For Quarter 1, 2021 we have achieved gross sales of RM60,000.
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Saya mula berniaga secara dalam talian secara serius pada akhir tahun 2019 dan perolehan jualan pada tahun 2020 adalah sekitar RM100,000 dengan keuntungan bersih sekitar RM49,500 pada tahun 2020. Untuk suku pertama 2021, kami telah mencapai jualan kasar sebanyak RM60,000.

Number of years in business? / Usia perniagaan?

My business has been running for 2 years.
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Perniagaan saya telah beroperasi selama hampir 2 tahun.

How would the Issuer utilise the funds raised on the platform? / Apakah yang kami akan lakukan dengan wang yang dikumpul di platfrom ini?

I will be using MicroLEAP funds of 40% to add to my new product collection and restock existing products directly from the Middle East with this I am confident I am earning a huge margin for my products. 30 % of the funding will be used for marketing purposes such as google ads, all marketplace ads and other marketing. While the rest is used for working capital.
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Saya akan menggunakan dana microLEAP sebanyak 40% untuk menambah koleksi produk baru saya dan menambah stok produk dari Timur Tengah. Saya yakin saya memperoleh margin yang besar untuk produk saya. 30% dari dana akan digunakan untuk tujuan pemasaran seperti iklan google, semua iklan pasar dan pemasaran lain. Manakala dana selebihnya digunakan untuk modal kerja.

The rationale behind the Issuer's Credit Risk Score - microLEAP's Comments

The owner is also the Guarantor for this financing and the Guarantor's I-score is 7 ('Good') with a Probability of Default (PD) of 2.5% -5% according to an external credit bureau. The Issuer also has a business loan from a government-linked institution but the Issuer has sufficient revenue to manage its payment of RM 1,951.39 a month to microLEAP. This Investment Note has an MR6 (Medium Risk 6) rating and so it has a medium-weak credit quality and medium-high risk of default. ________________________________________________________________________________________
Pemilik perniagaan juga Penjamin untuk pembiayaan ini dan I-skor Penjamin adalah 7 ('Good') dengan Kebarangkalian keingkaran (PD) 2.5% - 5% merujuk biro kredit luaran. Penerbit juga mempunyai pinjaman perniagaan dari institusi berkaitan kerajaan tetapi Penerbit mempunyai pendapatan yang mencukupi untuk menguruskan pembayarannya sebanyak RM1,951.39 sebulan kepada microLEAP. Nota Pelaburan ini mempunyai penarafan MR6 (Risiko Sederhana 6) dan oleh itu ia mempunyai kualiti kredit sederhana-lemah dan risiko keingkaran sederhana-tinggi.

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Rate of Returns
13.5% p.a
Total Gross Return on Investment
-

Funded Note

Credit Ratings
MR6
Medium Risk 6

This Investment Note pays a medium-high Interest Rate and has a medium-high Risk of Default.
It has a medium-weak Credit Quality due to below average cashflow and above average Debt Service Ratio.

LR1
Low Risk 1

This Investment Note pays the lowest Interest Rate and has the lowest Risk of Default.
It has the strongest Credit Quality due to very high cashflow and very low Debt Service Ratio.

LR2
Low Risk 2

This Investment Note pays a lower Interest Rate and has a lower Risk of Default.
It has a stronger Credit Quality due to high cashflow and low Debt Service Ratio.

LR3
Low Risk 3

This Investment Note pays a low Interest Rate and has a low Risk of Default.
It has a strong Credit Quality due to good cashflow and good Debt Service Ratio.

MR4
Medium Risk 4

This Investment Note pays a medium-low Interest Rate and has a medium-low Risk of Default.
It has a medium-strong Credit Quality due to average to good cashflow and average to good Debt Service Ratio.
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MR5
Medium Risk 5

This Investment Note pays a medium Interest Rate and has a medium Risk of Default.
It has a medium Credit Quality due to average cashflow and average Debt Service Ratio.

MR6
Medium Risk 6

This Investment Note pays a medium-high Interest Rate and has a medium-high Risk of Default.
It has a medium-weak Credit Quality due to below average cashflow and above average Debt Service Ratio.

MR7
Medium Risk 7

This Investment Note pays an upper-medium Interest Rate and has an upper-medium Risk of Default.
It has a lower-medium Credit Quality due to average to low cashflow and average to high Debt Service Ratio.

HR8
High Risk 8

This Investment Note pays a high Interest Rate and has a high Risk of Default.
It has a weak Credit Quality due to low cashflow and high Debt Service Ratio.

HR9
High Risk 9

This Investment Note pays a higher Interest Rate and has a higher Risk of Default.
It has a weaker Credit Quality due to lower cashflow and higher Debt Service Ratio.

HR10
High Risk 10

This Investment Note pays the highest Interest Rate and has the highest Risk of Default.
It has the weakest Credit Quality due to very low cashflow and very unhealthy Debt Service Ratio.

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